ReNew Energy Global Plc (RNW) Discusses Termination of Proposed Acquisition Following Consortium Withdrawal Transcript

Operator

Hello. This is the Chorus Call conference operator. Welcome, and thank you for joining the ReNew update conference call. [Operator Instructions]

At this time, I would like to turn the conference over to Mr. Anunay Shahi, Senior Vice President and Investor Relations of ReNew. Please go ahead, sir.

Anunay Shahi
Head of Investor Relations

Thank you. Good morning, everyone, and thank you for joining us today. You would have seen yesterday our 6-K published in response to the consortium’s 13D filings. A copy of the 6-K is available in the Investor Relations section on ReNew’s website at www.renew.com. With me today are Sumant Sinha, Founder, Chairman and CEO of ReNew; Kailash Vaswani, our CFO; and Manoj Singh, our Lead Independent Director and Head of the Special Committee. Following a short set of prepared remarks, we will open the call for questions.

I will now hand over to Kailash Vaswani.

Kailash Vaswani
Chief Financial Officer

Thanks Anunay. As you will have seen from CPP and ADIA’s 13D filings yesterday, Masdar has withdrawn from the consortium and therefore, the remaining consortium members will not be pursuing the transaction further. As such, all discussions regarding the proposed transaction has been terminated. We are naturally disappointed that Masdar chose to withdraw from the consortium after such a long process, taken roughly a year from the process becoming public in December 2024.